Lost your deposit? Maybe not

In the last years the Spanish Courts have dealt with thousands of legal claims all over Spain from buyers that paid deposits to buy properties under construction, and soon found themselves with no property, with no deposit and dealing with a bankruptcy process of the company that sold the house.

We have been dealing with these cases since 2012 and finally the Courts are issuing sentences in favor of our clients, making the banks where our clients paid their deposits, responsible for not confirming that the amounts were covered by a bank guarantee. One example of these developments is Santa Ana del Monte in Jumilla (Herrada del Tollo), which was never built.

This action expires within 15 years since the amounts were paid to the developer or the completion date of the property passed with the property not being finished.

If you need more information, please do not hesitate to contact us. We provide free quotation and “no win no fee” proposals.

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About This Website

I run this website for buyers, owners, and vendors of property in Spain. It’s all about information, and resources to get things done.

I try to provide the best guides, market analysis, and resources possible, but I can’t guarantee everything is correct and up-to-date, so you use this website at your own risk. Everything is provided in good faith, and I cannot be held liable for any problems resulting from information at this website.

Adverts at this website do not imply any recommendation. Always use an independent lawyer to do legal checks on your behalf before buying property in Spain.

Where I list companies and professionals with a service to offer I do so in good faith (and wherever possible in return for a fee). As far as I know, based on years of experience and feedback from users, they are reputable service providers. But I do not own or control them in any way, and cannot be held responsible for their conduct. You deal with them at your own risk.

NEW DEVELOPMENT SHOWCASE

My showcase is intended to help people identify what I consider to be interesting projects around Spain from reputable developers, whilst helping developers raise awareness of their projects. I charge developers a monthly showcasing fee but am not involved in sales beyond passing on enquiries.